PART FIVE
FINANCIAL
PAGES ONE TO TEN
TT H 1
Oma
A
UNDAY
PART FIVE
INSURANCE
PAGES ONE TO TEN
VOL. XLVII NO. 16.
OMAHA, SUNDAY MORNING, SEPTEMBER 30, 1917.
SINGLE COPY FIVE CENTS.
Growth of Banks of Omaha
Reflects City's Business
Deposits Have Leaped Up Year
by Year by Almost Unbeliev
able Bounds; Chal
lenge theWorld.
By A. R. GROH.
Development of financial institu
tions in Omaha has been nothing less
than phenomenal. Deposits have
leaped up year by year at almost un
believable ratios of increase. The de
velopment of the financial structure
of tht city has been the wonder of the
country. It isn t very long ago since
Omaha was merely a name and an al
most unknown name in the east.
Today its nineteen banks and trust
companies represent a financial struc
ture of colossal strength, a structure
built up by the great and growing in
dustries that make the city throb with
prosperity and a structure which in
turn nurtures these structures and
causes them to grow faster.
One need not go back beyond the
memory of many men now active
here in business to find the banking
situation comparatively very weak.
Twenty-five year- ago there were only
a few banks here and they weren't
doing a very prosperous business.
Deposits in Omaha's clearing house
banks October 2, 1890, were $18,382,-
O0O. September 25, 1891, they had
dropped to $14,700,000. September
ft 1 " iF-t& 'k !"1
Buckingham
30, 1892, they had risen again to $18,-
100,000.
By Leaps and Bounds.
Just twenty-four years later, on
feptember 16, 19H5, the deposits in
Omaha banks were $94,004,000, an in
crease of more than (400 per cent in
deposits in Omaha banks in twenty
four years.
And one year later than the last
named date namely, on September
16, 1917 deposits in Omaha banks
vere $107,866,000, an increase of more
than $13,000,000 in one year.
Omaha is the thirty-first city in this
country in population. But it is the
sixteenth city in bank clearings. Last
year Omaha's bank clearings soared
above the $1,000,000,000 mark, soared
over $250,000,000 above that mark.
They were $1,279,158,591. The year
before last they were $982,671,080, an
increase of nearly $300,000,000 in a
single year.
Twenty-five years ago, in 1892, the
bank clearings were only $272,939,692.
In the last few years bank clearings
of Omaha have risen steadily as follows:
S 315,135,00011909...
1?00..
1901..
190!..
1903..
1904..
1905..
1906..
1907..
1908..
329,043,000
361,511,000
392,880,000
398,985,000!
442,285,0001
604,388,000
667,515,738
602,525,867)
1910....
1911....
'912....
1913....
1914....
1915....
1916....
736. 256,568
632,971,607
763,107,353
(160.781,667
908,947,661
887,580,782
982.671,080
1,279.158,591
Not All the Business.
Many people think this actually rep
resents the business done in Omaha.
But large as the clearings are, it is
stated the actual bank transactions in
Omaha banks are from two to two
and a half times as great as the bank
clearings. For this reason the bank
clearings do not give an adequate idea
of the greatness of Omaha's banking
structure today.
The' reason for this is plain. Out
of all the banks in Omaha only nine
belong to the Clearing House asso
ciation. It is only the paper of these
nine banks that is figured' up in the
bank clearings of Omaha.
"Our neighbor to the south, Kansas
City, reports considerably larger bank
clearings than we," said one banker.
"The reason for this is simply that
all the Kansas City banks put their
transactions through the clearing
house. But I actually believe our vol
ume of bank transactions is larger
here than that of Kansas City. We
have the great business of the grain
exchange, he vast stock yards and
packing house business, the smelter
with its $46,000,000 .output last year,
our big manufacturing and jobbing in
terests, which alone do a business
close to hajf a billion dollars a year.
Ouly Between Banks.
"Only nine of Omaha's nineteen
banks use the Omaha clearing house.
Of course, the actual transactions
even of these nine-banks far exceeds
the business represented by the clear
ing house report. If a man writes a
check for $10,000 on the First Na-
FINANCE & INSU
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(Continued on Page Three, Column One.)
1 y
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QotzliDi&bz
Latest Comparative Statistics
of Omaha Banking Operations
DEPOSITS.
June 20, '17. Sept. 11,17.
Omaha National $ 24,070,805
United States National 21,490,493
First National 20,118,379
Merchants National, 12,581,338
Stock Yards National 12,548,049
Live Stock National.' 7,436,074
State Bank of Omaha 4,444,758
Packers National r 4,323,112
Nebraska National 4,015,105
Corn Exchange National 3,597,761
Security State Bank 1,051,566
American State Bank..'. 887,882
South Omaha Savings Bank.. 416,812
Union State Bank .
Ralston State Bank
22,314,602
18,062,623
17,944,103
11,862,536
11,267,643
7,516,122
4,501,296
4,189,548
4,035,618
3,433,676
1,063,493
822,846
427,859
350,000
76,395
LOANS.
June 20, '17.
Omaha National $13,990,459
United States National 1,299,736
First National 13,375,151
Merchant National 8,362,759
Stock Yards National 8,305,574
Live Stock National 5,788,399
State Bank of Omaha 2,980,203
Packers National 2,804,838
Nebraska National 3,001,017
Corn Exchange National 2,288,728
Security State Bank 744,685
American State Bank 891,964
South Omaha Savings Bank 439,155
Union State Bank
Ralston State Bank
Sep. 11, '17.
$13,889,470
13,017,719
11,280,447
7,980,639
8,030,078
5,826,017
3,024,409
3,066,612
2,773,203
2,305,061
878,107
842,934
406,950
325,000
78,236
Totals $116,982,134 $107,866,360 Totals $77,282,668 $73,274,883
DEPOSITS.
t Sept. 12, '16,
First National 1 $17,383,867
Omaha National 19,415,806
United States National 17,776,695
Merchants National 10,895,994
Stock Yards National 9,866 ,723
Nebraska National 4,017,728
Live Stock National 4,848,560
Packers National 2,799,261
Corn Exchange National 2,559,996
State Bank of Omaha 3,359,857
Security State Bank 676,906
South Omaha Savings Bank... 334,333
Ralston State Bank 69,158
Union State Bank
American State Bank
Sept. 11, '17.
'$ 17,944,103
22,314,602
18,602,623
11,862,536
11,267,643
4,035,618
7,516,122
4,189,548
3,433,676
4,501,296
1,063,493
427,859
76,395
350,000
822,846
LOANS.
Sep. 12, '16.
Omaha National $10,415,806
United States National.., 11,878,006
First National 11,183,234
Merchants National 6,827,922
Stock Yards National 5,731,138
Live Stock National 2,927,358
Nebraska National 2,280,625
State Bank of Omaha 1 . . 2,085,602
Packers National 1,660,359
Corn Exchange National 1,951,015
Security State Bank 498,836
South Omaha Savings Bank ..... 305,927
Ralston State Bank . 58,906
Union State Bank
American State Bank....'
Sep. 11,17.
$13,889,470
13,017,719
11,280,447
7,980,639
8,030,078
5,826,017
2,773,204
I .3,024,409
3,066,612
2,305,061
878,107
406,950
78,236
325,000
842,934
Totals ; $94,004,884 $107,866,360 Totals $57,808,736 $73,724,883
to,
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GEORGE BRANDEIS.
1:1 ... Ill h
Life Insurance Puts J azz
Into the Business World
Tom Kelly Shows How Protec
tion in the Way of Life In
surance Adds to the Joy
of Living.
By TOM S. KELLY.
With the whole world speeding up
every ounce of energy in the conserv
ation of every form of vegetable life
for the preservation of the greatest of
all forms of lite the human life the
life insurance men may well feel that
their work is directed along lines of
the highest order of patriotism, be
cause life insurance is the greatest
positive conservator of values in the
world.
It keeps a cheery fire on the hearth
and educates the boys and girls.
It provides money for husband and
wife to spend their later years in
ease and luxury.
It gives grandmother a regular
monthly income so that she can live
where she pleases and enjoy inde
pendence. It pays the mortgage on the old
home.
It buys a farm.
It starts the sons in business.
Makes Merry Weddings.
It gives the daughters social ad
vantages, pretty clothes and merry
weddings.
It allows father to retire from busi
ness when he reaches middle age.
It takes father and mother on their
long-talked-of trip to Europe.
Life insurance is life life and com
fort and gold and happiness for old
and young.
What Record Shows.
The daily grind and romance of
life have furnished much justification
to those who have taken life insur
anceand left many more regrets to
those who have not taken it, as is evi
denced by the following table gath
ered by the American Bankers asso
ciation from "the life experiences of
100 average men."
Age Twenty-five.
100 average men, healthy and vig
orous in mind and body and depend
ent upon their own exertions for their
support.
Aged Thirty-five.
Five have died.
Ten have become wealthy.
Ten are in gbod circumstances.
Forty are in moderate circum
stances. Thirty-five have not improved tlieif
condition.
Age Forty-five.
Eleven more have died, sixteen
in all.
Three only' are wealthy, all the oth
ers rated at age 35 as having re
sources having lost their accumula
tion. Sixty-five are still working and art
self-supporting, but without other re
sources. Fifteen are no longer self-supporting
owing to illness, accident, etc.,
a few still earning something, but not
enough for self-support.
Age Fifty-five.
Four more have died, twenty in all.
One has become very rich.
Three are in good circumstances,
but not the same three quoted at
age 45, for one who was wealthy at
45 has lost everything and another
not quoted at 45 has taken his place.
Forty-six still working for their liv
ing, without any accumulation.
Thirty are now more or less de
pendent upon their children, their re
lations or upon charity for support;
some still able to do light work are
being replaced by younger men.
Age Sixty-five.
Sixteen more have died, making
thirty-six iifeall out of 100.
One is still rich.
Four are wealthy, one of those who
lost everything before 45 having again
become wealthy. (
Fifty-fbur are dependent upon chil
dren, relations or charity.
Age Seventy-five.
Twenty-seven have died, making
sixty-three in all, sixty of whom left
no rtafe
Two only are wealthly,' three who
were rated as wealthy at 65 having
lost their accumulation.
Thirty-five are dependent upon chil
dren, relatives or charity.
These old men will die off rapidly,
but their financial condition will not
improve, and thirty-three of them will
not have sufficient means to defray
funeral expenses unless insured.
Inspires Faith and Confidence.
Legal reserve life insurance in
spires faith and confidence on the
part of the insured because it is void
of speculation, being constructed on
a scientific plan. Since every phase of
the business is conducted along safe
and conservative lines, and every pro
vision of its contracts is based upon
unquestionable facts, it stands for
solidity and permanency. Being ag
gressive, yet conservative, and ab
solutely safe, it is profitable to the
insured. High in its aims, true in its
standards, extensive in its benefits, ex
alted in its very nature, its influence
for good citizenship, besides the per
sonal gain to the individual, is far
teaching. Its fair, unprejudiced systerr
in dealing with the public is reflectec
through its policy contracts and busi
ness connection with the insured. By
this contracted relation the insured
comes in close contact with its whole
economic force. He is enable to feel
and appreciate the power of life in
surance in encouraging thrift, in bene
fits of sterling worth, in anchorages
perceptible and firm.
! f'f Vi f Iff,
k y fe& ''3
Charles JD Beaton
Randall K.Drown
JFt
i
VJnt 1 if!
CE.'Bla.ck.
WDMosfori
Chas h Saunders
Members of the Board of Governors of the Knights of Ak-Sar-Ben Who Are Sponsors of the Fall Festival